Crisis in Dubai? – VisualPolitik EN – Dubai Video

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Dubai is a very different place from any other in the Persian Gulf. Its economy isn’t based on oil, natural gas or any other raw material, but mainly on tourism, transport, trade and finance.

But, despite not being rich in natural resources, in the last four decades, Dubai became one of the most prosperous places in history. The tallest building in the world, the largest shopping mall, the largest airport, the most luxurious hotel. You can find everything here.

However, 2018 hasn’t exactly been this emirate’s happiest year. Today more and more analysts are wondering whether Dubai is about to undergo a huge crisis.

And this is, precisely, the main question. Will Dubai be losing its shine?

Dubai is a crystal palace erected on the shakiest of foundations; it is not a self-sustaining city — sooner or later, it is bound to crumble. Even UAE as a country has a baseless and questionable economy; one that’s more viable as a Disney theme park than a bona fide nation. It’s analogous to a fake ballerina dancing on thin ice. And I have a feeling people are starting to wise up to the fact.

a big pr stint of opening a synagogue is supposed to be a sign of progression yet gay travelers are sitting in Dubai prison to this day for holding hands in public. Syria, Lebanon and Jordan are far more progressive than any of the gulf nations

The number one reason Dubai and the UAE as a whole was a success was that unlike the Kuwaitis and the Saudis, the people of UAE were never arrogant and rude to people! they were extremely welcoming, One of the major reasons people have become vary now is because the UAE Crown Princeès willingness to suck up to MBS!

Unfortunately, Dubai seems to be built on the debt bubble in the rest of the world. Nothing they can do but suffering from the crash of what is out of their control. "A small open economy" it is traditionally called.